Business | General
Industrial City warehouses leased out
Dubai Industrial City yesterday said, it has leased all of its 1.5 million square feet of warehouses which make up half of the first phase of storage facilities that the city launched into the market earlier this year.
- Staff Report
- Published: 00:03 July 24, 2008
Dubai: Dubai Industrial City yesterday said, it has leased all of its 1.5 million square feet of warehouses which make up half of the first phase of storage facilities that the city launched into the market earlier this year.
Rashed Al Ansari, vice-president of Dubai Industrial City, explained that the warehouses were leased by business investors attracted by the superlative quality the storage facilities offer, especially when it comes to fire and safety levels.
"This is an indication of the dynamism of the industrial sector which is experiencing a tremendous boom in the city. Moreover, we managed to grab the lion's share given that our warehouses offer high standards when it comes to fire resistance and safety measures, which is what responsible companies look for."
He added that Maqayees, the Dubai Centre for Industrial Standards which is in-charge of implementing all Quality, Health, Safety and Environment (QHSE) standards within the city is also mandated to ensure that the storage materials in the warehouses are safe and offer no hazards to the surrounding community.
He further noted that Dubai International City was currently building another 1.5 million square feet of warehouses which are expected to be operational before the end of this year.
The warehouses are 5,000 and 10,000 square feet in size and are flexible in order to expand in multiples.
Spread over 560 million square feet, Dubai Industrial City which is designed according to a viable live, work and play concept features six industrial clusters for food and beverage, base metal, mineral products, chemicals, transport equipment and parts, and machinery and mechanical equipment.
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